“The industrial margarine market is projected to grow at a CAGR of 3.5%.”
The industrial margarine market is estimated at USD 2.25 billion in 2017 and is projected to grow at a CAGR of 3.5% from 2017, to reach USD 2.66 billion by 2022. The market is primarily driven by factors such as changing lifestyles and eating habits of the population, which has led to an increased demand for low fat food products cooked and prepared in low fat oil and fat such as margarine. Volatile factors such as global climatic conditions affect the production of raw materials such as soya bean, sunflower, canola, and palm plants which acts as a major restraint of the industrial margarine market. The increasing prices of raw materials is an important concern for industrial margarine manufacturers which consequently acts as a restraint to the industrial margarine market.
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“All purpose margarine is projected to be the fastest-growing segment during the forecast period.”
Based on type, the all-purpose margarine segment is expected to be the fastest-growing during the forecast period. All-purpose margarine can be used for baking, frying, as well as sautéing, and is largely used in the bakery products industry. FELDAIFFCO (Malaysia), Bakels Worldwide (Switzerland), and Sigra S.A. (Colombia) are some of the companies that offer all-purpose margarine.
“Asia Pacific is projected to register the highest growth rate during the forecast period.”
Asia Pacific is projected to be the fastest-growing market over the next five years. Industrial growth and improvements in the food industry have opened new opportunities for the industrial margarine market in this region. Also, the presence of several end-user companies of industrial and retail margarine leads to high consumption of margarine in Asia Pacific.
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Break-up of Primaries:
By Company Type: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
By Designation: Director Level – 35%, C Level – 40%, and Manager Level – 25%
By Region: North America – 20%, Europe –30%, Asia Pacific – 40%, and RoW – 10%
The key players profiled in this report are as follows:
• Congara (US)
• Bunge (Germany)
• Puratos (Belgium)
• Associated British Foods (US)
• Fuij Oil (Japan)
• Richardson International (Italy)
• Royale Lacroix (Belgium)
• Aigremont (Belgium)
• Vandemoortele (Belgium)
• NMGK Group (Russia)
• EFCO Group (Russia)
• Wilmar International (Singapore)
Related Report:
Global Annatto Market Analysis 2012-2017 and Forecast 2018-2023
Annatto is an orange-red condiment and food coloring derived from the seeds of the achiote tree. It is often used to impart a yellow or orange color to foods, but sometimes also for its flavor and aroma. The color of annatto comes from various carotenoid pigments, mainly bixin and norbixin, found in the reddish waxy coating of the seeds. Annatto and its extracts are now widely used in an artisanal or industrial scale as a coloring agent in many processed food products, such as cheeses, dairy spreads, butter and margarine, custards, cakes and other baked goods, potatoes, snack foods, breakfast cereals, smoked fish, sausages, and more. In these uses, annatto is a natural alternative to synthetic food coloring compounds, but it has been linked to cases of food-related allergies.
The global Annatto market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Annatto by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Read More: https://watchersofmarkets.com/products/global-annatto-market-analysis-2012-2017-and-forecast-2018-2023
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